As the Covid-19 pandemic continues, a lot of businesses are experiencing shortage of staff and impact on their businesses with employees having to isolate or not being able to work from home. There are two different COVID-19 payments available for employers and self-employed people as follows:
In any business with more than one employee, it’s inevitable that conflicts will arise. Family businesses are no different. Here’s 5 tips for solving them.
When you inherit a family business, you step into a new role. And, as in any new role, establishing your way of doing things can be challenging.
The small business cashflow scheme was introduced in May 2020 to assist small to medium businesses who have been impacted by the Covid-19 pandemic.
On 21 March 2022, the loan amount has been increased to $20,000 from $10,000 plus $1,800 per full-time equivalent employee (up to 50 employees).
Since our last blog on ‘Tax Changes for Residential Rental Properties’ in April we are getting a lot of clients wanting to know what can be claimed as an expense against the investment rental properties. Read on to find out what can and can not be claimed against investment rental properties.
On 23rd of March 2021, the government announced various policies which will impact the property owners and investors significantly which was passed on 24 March and received the royal assent on 30 March 2021.
Following is an interview with Miles, CEO of Moatrek Tours. Moatrek is a GECA client using their Virtual Accounting Team to replace their internal accountant. Read on to find out how this service allowed Moatrek to grow their business.
Properties rented out for short-term accommodation and as well as being used by property owners come under the Mixed-use asset rules. The mixed-use asset rules limit deductions in relation to the property and any excess deductions are quarantined and offset against future year’s rental income.
by Sheral Reddy, Associate Director at GECA Chartered Accountants. If you need help with tax advice including end of financial year preparation, then Sheral and the GECA team can help.
The government response to Covid-19 and the shutdown of the economy has seen a raft of tax changes proposed. These are still in draft form and we will be in a better position to advise clients once the legislation is passed. However, we suggest the following in regard to upcoming tax payments. As always, early engagement saves […]
